USPS Loss For January 2013 $437 Million — Year To Date loss for FY 2013 $1.7 billion

The US Postal Service filed its fourth month preliminary financial report of the 2013 fiscal year (unaudited) with the Postal Regulatory Commission (PRC) . USPS reported a net operating loss of $437 million for the month of January 2013 (PDF). This same period last year saw a $1.3 billion net loss. After four months into FY 2013 USPS reports a net loss of $1.7 billion (same time last year it was $4.5 billion).

Workhours increased TO sply; volume increased. revenue increased loss was only $1.7 billion compared to $4.5 billion SPLY. Craft employees increased efficieny which improved bottomline cost factor. Eliminating 6 day street delivery to 5 day street delivery would create a positive bottomline. Eliminating and consolidating once rural community officies but due to changing demographics are now
suburban community officies many within 6-7 mile radius of each other with a high level office serving the areas around these officies. Many of these small officies have no delivery and only provide retail and box service with nearby national drug and groceries stores selling postage stamps and money orders.
Many of these wasted cost officies that are non essential in providing postal services have salaries exceeding $60,000 depending on length of service.
Politicans that support keeping the USPS operating on a fiscial clift need to face reality and support restructing from headquarters to level 11 officies that are a wasted cost as their existence has outlived their need in the advanced communication technology in the 21st century.